EU lawmakers might make "precedent-setting" decision on EMIR

The European Parliament's Economic and Monetary Affairs Committee is set to vote on the European Market Infrastructure Regulation and is expected to reject crucial details of the derivatives reform. The development could be "precedent setting" for the region's policymaking process, experts say. "This is definitely new territory -- this has never happened before," said Tim Gieles, a manager at Cicero. "It's clear the European Parliament wants to take big and bold action."

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